The Political Economy of Growth and Distribution: Economics, Public Policy and Politics

Richard McGahey

Chapter 7 in Economics as Worldly Philosophy, 1993, pp 161-186 from Palgrave Macmillan

Abstract: Abstract In 1965, Walter Heller, then chairman of President Johnson’s Council of Economic Advisors, presented the Godkin Lectures at Harvard University. Later published as New Dimensions of Political Economy (1966), Heller said that the United States had entered ‘the age of the economist’. The consolidation of modern macroeconomic theory had been accepted by political leaders, who could use the theory to guide and develop policies leading the United States to new heights of prosperity and social justice.

Keywords: Political Economy; Monetary Policy; Affirmative Action; Democratic Party; Transfer Payment (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22572-9_7

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DOI: 10.1007/978-1-349-22572-9_7

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